WASHINGTON — Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shortfalls, the State Budget Crisis Task force said in a report released Thursday.

Such shortfalls could threaten a range of obligations, including debt service payments and escalating retirement and health care costs, warned the nonpartisan task force, which is chaired by former New York Lieut. Gov. Richard Ravitch and former Federal Reserve Board chairman Paul Volcker.

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